Foreign aid to Bolivia
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In 1998 the World Bank and International Monetary Fund awarded Bolivia a debt relief package worth US$760 million [1]. Bolivia has also received relief under the World Bank’s Heavily Indebted Poor Countries program, which, if Bolivia meets all checkpoints, will total US$1.2 billion by 2011 [2]. In 2004, the United States designated more than US$150 million for assistance to Bolivia [3].
Under President Evo Morales, Spain has agreed to forgive $120 million (99 million Euro) in Bolivian debt on the condition that the money go towards developing educational programs.[4]. Venezuelan President Hugo Chávez may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.[citation needed]
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This article contains material from the Library of Congress Country Studies, which are United States government publications in the public domain.
